Koon Yew Yin 7 Dec 2020
Due to the Covid 19 pandemic the demand for medical gloves already exceeded supply. Since all medical staff have to wear glove to inject vaccines, additional gloves will be required as you can see the photo below.
At least two-thirds of the community have to take the vaccine to attain herd immunity, said Paul A. Offit, director of the Vaccine Education Centre at Children’s Hospital of Philadelphia.
To be effective two-thirds of the people around the world are required to be vaccinated. You can imagine the time required to produce so much of vaccines and more time required to vaccinate so many people.
Even if the vaccine is effective, it will take a long time to produce enough to vaccinate two-thirds of all the people in the world. Moreover, a lot more medical staff are required and all of them are required to wear medical gloves.
Dr Lee Ming Tai who works for ADB told me that each of his family members had to be tested at KLIA before flying to Shanghai last Sunday. The tester had to wear a new pair of gloves to test each of them to avoid virus transfer just in case the previous tested person has virus.
That is why the demand for gloves continues to exceed supply and all the glove makers are increasing their selling prices to make more and more profit which are being reflected on their share prices.
Many scientists predicted the Covid 19 pandemic will not be under control for at least 1 or more years despite the approval of the vaccine by FDA.
Unfortunately, many investors are currently selling the glove stocks because they think that the vaccines will work like a magic wand to reduce the use of gloves.